CITIBANK VP JOINS LIDC

CHARLES SCHREIBER has been appointed Vice President of Lending of Long Island Development Corporation (LIDC), the regional economic development organization that has lent over $600 million in direct dollars and leveraged an additional one billion dollars in loans for LI companies. He is responsible for making long term, low fixed rate second mortgage loans to small businesses acquiring and renovating buildings and handling LIDC's many small business lending products.

Schreiber comes from a 33 year career in banking, with the last 19 years in commercial lending at Citibank, NA where he was Vice President Business Development for the Long Island Region.

Charles belongs to many organizations, Action Long Island; Execuleaders; LI Mid-Suffolk Business Assoc.; Long Island Association and the Institute of Management Accountants (IMA). He was president of the LI Chapter of IMA from 1987-88. He graduated from Baruch College in 1970 with a B.B.A in Accounting. He then served in the United States Army Reserve/ National Guard from 1969-1975.

"My goal is to help Long Island's economy by strengthening the small business climate,” says Schreiber. “LI's economic health is tied up with small business since a large percentage of all business on the Island is considered in that category. By facilitating the many small business lending products handled by LIDC, chief among them, the SBA 504 Loan Program, we are helping to further the goals of LI.”